Real estate agent, is known as real estate associate in Alberta. Although the procedure of getting an real estate license in Alberta shares similarities with other provincial guidelines, but specifically regarding how to become a real estate agent in Alberta or how to become a real estate broker in Alberta, please kindly complete the following real estate associate program of Alberta:
Alberta Licensing Requirements
Step 1 – Complete the Real Estate License Career Information Session Online
First, you will need to complete the ” Introduction to a Career in Real Estate Information Session” before you are eligible to be enrolled in the Real Estate Associates Program (REAP). The online information session is a pre-requisite and offered by Real Estate Council of Alberta, it is completely free of charge and can be taken online by clicking here. Please note, the Alberta real estate license is only valid in the province of Alberta. Other provinces, for example, Ontario, has the Ontario Real Estate Association (OREA) to manage the licensing process. If you are interested in practicing professional real estate agent in Ontario, for example, then you will need to get a real estate license in Ontario, simply by clicking here for more detail.
Once you’re done going through the online session you will be prompted to take the Self-Assessment Questionnaire. After successfully answering the questions you will see the following message on the next page:
Certificate of Completion
Then Simply fill out your name and email address on the next page to print your Certificate of Completion:
There we go, the entire online information session should take you about 1 – 1.5 hours to complete.
Step 2 – Submit Your Real Estate License Enrolment Application and Get Approval for REAP
Now you should be ready to enroll in the “Pre-Licensing Education Program”, which is also called the “Real Estate Associate Program (REAP)”. But before submitting your application, please make sure you meet the following requirements:
- Be a Canadian Citizen or have a valid Permanent Resident (PR) Card
- Be at least 18 years of age
- Canadian high school diploma or equivalent(post-college diploma or university degree)
- Be proficient in English
Think you satisfied the above? Great, now click here to fill out and submit the “Education Eligibility Application Form“. For a complete list of requirements and to find out what you need to fill out the form, please click here and proceed to step 2 of that page.
Step 3 – Start Your Fundamentals Real Estate Course
Once enrolled in the Real Estate Associates Program, the student must then take Fundamentals of Real Estate Crouse, study the Alberta real estate exam questions and pass the final exam before they can enroll in the Real Estate Specialty Courses.
It should be noted that starting on May 2013, the Fundamentals of Real Estate course will be offered by Real Estate Council of Alberta (RECA)
Step 4 – Choose your Real Estate Specialties
Upon passing your Fundamental of Real Estate course, now its time to choose your specialty. Depending on your career goal, you can choose a career in real estate sales, real estate property management or both.
- If you decide to start your career in real estate sales, you’ll need to complete specialty courses called: Residential, Commercial and Rural (three courses in total).
- If you decide to start your career in property management, you’ll need to complete a specialty course called: Property Management Course (one course in total).
- If you decide to provide services in both of these areas, simply take all four specialty courses (four courses in total).
Please note that you are required to get a minimum of 70% in order to pass each course and you have up to 18 months to complete and pass all the required courses in the REAP program. The 18 months period starts at the enrollment date of Fundamentals of Real Estate course. Property Management course will be offered by (RECA) whereas the Residential, Commercial and Rural will be offered by the Alberta Real Estate Association (AREA).
Step 5 – Apply for Real Estate License
Study hard with the real estate practice exam. Once the education requirement has been met, you will then need to secure an employment with a real estate brokerage and apply for licensing through the brokerage of your choice. Part of the licensing process requires that you obtain a Certified Criminal Record Check.
Real Estate Agent Course and Real Estate Agent License Fees
Fundamentals of Real Estate course: $1,500
Commercial Real Estate course: $600
Residential Real Estate course: $600
Rural Real Estate course: $600
Introduction to a Career in Property Management course: $1,500
Real Estate License application fee: $400
How much does real estate agent make in Alberta? How much do realtors make in Alberta? The answer really depends on the individual. There are many benefits of working as a real estate agent in Alberta. Although the province is hit with low oil price in recent years, but with asset valuation so low, this could be the golden opportunity in the long run.
Canada Real Estate had another great year in 2016. Despite the Alberta real estate slowdown, many great real estate listings can still be found on MLS Alberta, MLS Edmonton, MLS Calgary, MLS Red Deer, MLS Sherwood Park or general MLS search. Foreclosure is still very low compared to a total number of houses for sale or condos for sale. Commercial real estate listings are stable, including many properties are for sale by owner. Becoming a real estate agent in Alberta should be a good way to capitalize the Alberta real estate market.